IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
THREE MONTHS ENDED
SEPTEMBER 30,
1996 1995
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(000'S OMITTED, EXCEPT PER SHARE DATA)
PRIMARY:
Average shares outstanding 5,459 5,490
Net effect of dilutive stock
options-based on the treasury
stock method using average
market price 174 153
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Totals 5,633 5,643
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Net Income $1,210 $ 408
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Per Share Amount $ 0.21 $ 0.07
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FULLY DILUTED:
Average shares outstanding 5,459 5,490
Net effect of dilutive stock
options-based on the treasury
stock method using the period-
end market price, if greater
than average market price 227 153
Assumed conversion of 10%
convertible notes 4 16
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Totals 5,690 5,659
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Net Income $1,210 $ 408
Add 10% convertible note interest,
net of federal income tax effect 1 2
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Totals $1,211 $ 410
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Per Share Amount $ 0.21 $ 0.07
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